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House Democrats Urge President Trump to Keep Ban on Chinese Automakers

Key Points: More than 70 House Democrats urged President Donald Trump to block Chinese automakers from the United States. Representatives Debbie Dingell and Ro Khanna lead the political push to protect the American auto industry. Politicians worry Trump might use the car market as a bargaining chip during his upcoming summit with Xi Jinping. Major...

FedEx and UPS Promise to Return Illegal Tariff Refunds to Customers

Key Points: FedEx and UPS plan to return all tariff refunds directly to their customers following a major Supreme Court ruling. The United States government launched a new refund portal last week to process refunds for illegally collected emergency levies. The Supreme Court struck down President Donald Trump's controversial tariff policy in February after it...

US Consumer Confidence Hits New High Despite Pain at the Gas Pump

Key Points: The Conference Board reported its consumer confidence index rose to 92.8 in April. A temporary ceasefire in the conflict with Iran helped ease anxiety for American shoppers. The United States economy added a surprising 178,000 new jobs in March. The University of Michigan index showed contrasting record-low scores due to soaring fuel costs....